Biggest Loser of The Day: Technoglass Inc. (TGLS) Smashed Lower

Written by Owain Higham


TGLS is the biggest loser today, opening down over -42% as of writing.


What’s next for this stock? Let’s look at the heatmap.


What does the heatmap show?


As we can see, prices are currently moving lower, yet the CVD (Cumulative Volume Delta) is moving up, showing clear divergence. Sometimes this can be a sign that buyers are trading are market, but to no avail – prices continue to trade lower.


To add to the bulls problems, the relatively large bids at 18.00 have mostly pulled, and offers at 20.00 arrived in the book shortly afterwards.






Disclaimer: This content is for informational purposes only and is not trading advice.


Receive updates about new articles

Follow us on social media

Join us in Discord for an advanced webinar, starting now!

Bruce will be going through live order flow analysis.

Join here for free:

Yesterday afternoon saw #ES_F trend down.

If you arrived late at the station, jumping onto a moving train can be challenging.

Bookmap can help you aboard.

Join us in Discord for a live webinar with Scott Pulcini (@scottpulcinitr1) later today.

Free and open to all. Click here to join:

A rare opportunity to watch live market analysis from an experienced professional.